- Taiwan's export value in June reached $74.83 billion, with a year-on-year growth rate slowing to 40.3%, below the official estimate range of $75.9 billion to $79.5 billion, indicating short-term fluctuations in shipment pace due to high base effects.
- Information and audiovisual products, along with electronic components, remain the dual core engines of exports, together accounting for 78.7%, reflecting the strong pull of global AI infrastructure on the supply chain.
- Exports to major economies generally maintained double-digit growth, with exports to the US accounting for 31%, still the largest contributor, while exports to Japan hit a record high, indicating that the trend of global semiconductor division concentrating in Taiwan remains unchanged.
High Demand for Artificial Intelligence
Exports of information and audiovisual products reached $33.92 billion in June, a year-on-year increase of 72.3%, with computer peripherals and storage media becoming core growth points. This data indicates that global cloud service providers' demand for AI servers and related computing hardware remains in an expansion cycle, with no risk of order cuts in the supply chain. High-density capital expenditure is translating into substantial orders for Taiwanese manufacturing companies, supporting the valuation of the electronics manufacturing sector.
Price Effects of Electronic Components Emerge
Exports of electronic components recorded $25.39 billion, a significant year-on-year increase of 32.8%, with dynamic random-access memory (DRAM) showing a year-on-year growth of 149.6%. The continued shipment of integrated circuits and passive components not only verifies that the AI spillover effect is spreading to broader underlying hardware but also reflects the price-driven logic of certain subcategories under supply-demand imbalance, helping to improve the gross margins of related listed companies.
Spillover Effects of Production Equipment Demand
The equipment investment demand driven by AI technology is extending to semiconductor manufacturing equipment, with machinery exports in June reaching $2.52 billion, and semiconductor production machinery showing a year-on-year growth rate of 54.4%. The increased growth rate of traditional electronic components such as capacitors, resistors, and printed circuits reflects the deepening reliance on Taiwan's high-end precision machinery and testing equipment as the global semiconductor supply chain expands its capacity.
Divergence in Global Multilateral Trade Momentum
From a regional perspective, Taiwan's exports to the United States reached $23.28 billion, with the year-on-year growth rate slowing to 34.8%, but its share of total exports remained at an absolute high of 31%. Meanwhile, exports to ASEAN and Europe showed year-on-year growth rates of 47.1% and 48.4%, respectively, with exports to Japan hitting a record high. If core overseas inflation rebounds or consumer demand is reassessed in the second half of the year, this trade structure, highly dependent on overseas technology cycles, may face variables in growth reassessment.
